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  • doubleguns: 
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  And GS return was? Try astronomical, criminal, insane etc.....

  Jul 22 01:33 PM | Link | Reply
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  • TruthSayer: 
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  As a US taxpayer I am glad we got a 23% return, but what could of it been if we held the warrant or sold it in a public auction.

  Jul 22 01:41 PM | Link | Reply
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  • Joseph Wagda: 
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  What is our ROI on the $13B we "lent" to AIG to make Goldman's CDS whole at 100 cents on the dollar (or for that matter the $6(odd)billion Goldman received from AIG imediately prior to our national "investment" in AIG)?
  
  What is Berkshire's ROI on its preferred stock w/warrant investment in Goldman made conconcurrently with the TARP?
  
  23% IRR is a poor return for a distress investment resulting in a successful recapitalization. What was the return of GS' common stock over the same period?

  Jul 22 01:51 PM | Link | Reply
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  • James Quinn: 
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  • TheBurningPlatform.com
  How about the $13 billion of our tax dollars Paulson funneled to them through AIG?

  Jul 22 02:17 PM | Link | Reply
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  • Illusional ...: 
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  Well, if I remember correctly, the amount they got from the CDS was like 10b, so the return is 10+% only. For completely backstopping them, anything <30% is cheap.

  Jul 22 02:27 PM | Link | Reply
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  • Whippet: 
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  I missed something- did AIG give their money back??? More like $20 billion in, 10.3 billion out = ~50% unrealized loss.
  
  
  On Jul 22 02:27 PM Illusional Delusion wrote:
  
  > Well, if I remember correctly, the amount they got from the CDS was
  > like 10b, so the return is 10+% only. For completely backstopping
  > them, anything <30% is cheap.

  Jul 22 02:59 PM | Link | Reply
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  • one eye: 
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  AIG has operations internationally, GS backstops them. This was money owed by AIG, had they not repaid it, more than a few of their companies would have failed.
  
  When AIG was before Congress, the size of their worlwide operation was revealed. At the time of the initial Crisis, AIG's debt was $1.8 Trillion. By that meeting it had been reduced to $1.4 Trillion.
  
  Let AIG default on their debts? Better to saw off a leg.

  Jul 27 01:59 AM | Link | Reply